January 15, 2016
In May, Colombian private equity fund Tribeca Asset Management, through its Tribeca Energy Fund, sold its 61% stake in the 1.2 gigawatt gas-fired Termocandelaria Power Limited complex for $233 million to a group of Chilean private equity funds. The deal was the largest M&A transaction in Colombia’s power sector from October 2014 to September 2015.
This award recognizes a LatAm private equity fund coming full circle: not just making an astute investment, but turning around the asset and selling it on at a strong margin. Further, the intra-regional nature of the transaction underscores the growing power of Latin America’s own investment pools.
Over the course of its investment, Tribeca im
After a six-year investment, this Colombian fund made a highly profitable exit in a deal that underscores the rise of LatAm’s own buyside